Who has considered this fact. With all the upcoming drilling the minority interest has to pony up in advance cold hard cash .

With 3 wells announced for drilling start by March end and well costs of $50 million per that means $150 million to drill the 3

wells . The cash call to the minority interest would be at least $30 million. Petty cash to whom ????Further if they do not wire in

clear funds in 20 days they lose their minority stake . All per the agreements . Check it out!

So to think CC has all this leverage is just not so !

In fact IOC can make the cash call and get part or all of the minority interest for zero. How about them apples.

Conclusion so CC better hurry and sign or start raising money. Petty cash who thinks?

'Getitrt2' pid='36688' dateline='<a href="tel:1390936 Wrote:

'ebster123' pid='36673' dateline='<a href="tel:1390929 Wrote:Getit, I believe what some take issue with is that IOC needs to learn for past experiences. The market does not like uncertainty, this is fresh meat for shorts regarding IOC. If there is any chance an expected timeline can not be met then IOC should not set or give a timeline. There was a timeline for IPI. If not met is causes potential uncertainty which is prey to shorts. We have seen this way too many times.

Ebster, I do not think some slippage in the completion of the multiple, complex IPI/minority interest agreements should be seen as a big event necessarily and failure of management to keep a "promise'.  However, I agree it is more of a cause for concern, if it happens, than the changes in drilling plans and schedule for Wahoo, which I think were definitely no Hession "promise" and the subject of unjustified complaint.  On the other hand, I think the primary "uncertainty" on the former is the amounts and other terms of those agreements, and something that could not be avoided.  Such negotiations cannot be done in public, and I would think are very difficult to "schedule" the completion of.  I agree with someone who said the content of them is more important than the when, as long as they get done for accomplishment of the SPA closing.

I understand what you are saying, but it is an uncertain world, and PNG even more so.  Wanting as much information as frequently as possible from management, including timelines or dates, but wanting them to never be wrong or never need to make changes to the plans or "hopes", are contradictory.  The more you get of one, the more you are likely to get of the other.  There are a lot of changes in circumstances and judgment calls about matters and other people involved not totally controllable.  If you don't want "any chance" of the latter, you may have to accept less information and communication.  There are also judgments involved in how much information to provide when, and it seems to me that the more critical you are of the process and what is provided, the less you are likely to get potentially, although I am not trying to say there is never room or need for criticism.

getit, i getit.  We would all desire more information that is real and factual.  In the absence of that I prefer limited valid information to lofty unlikely information.

'ebster123' pid='36699' dateline='<a href="tel:1390947 Wrote:

'Palm' pid='36683' dateline='<a href="tel:1390933 Wrote:

'ltinvest' pid='36680' dateline='<a href="tel:1390932 Wrote:I understand the expectation. My first request is for him to do the best deal. That will be far more important than a day or week one way or another. Again, people that are far more familiar with these negotiations than me seem to be pleased with the process and I know there has been plenty of dialogue between the parties. Hession and team are working hard.

Yes, agree.  His words per the transcript are:

"Yes. I’m hopeful that that will be finalized no later than January and actually, let me be cautious no later than January. Let me try and continue to under promise and over deliver."

I took those words to mean he (at that time) was hoping the process would be completed this month; certainly not a "promise".  I could care less if the settlement goes into Feb to get the right deal.  In fact I am planning on it possibly not happening this week, and others should too at this point.  So with that in mind if you can't stomach a possible drop in pps (if you think that's what will happen), then trim here and buy after "the fall" or later.  If you don't think pps can ever recover from any such fall or it will be a long time, then sell all or most and plan accordingly.  But it's Wednesday in that part of the world and that doesn't leave much time.  If you can't stomach a possibe drop or even the thought of it, then act now.

palm,  my guess is you will not see this but I hope some one can share it with you.  To make a statement like MH did and then say he wants to continue to under promise and over deliver he gave the belief that this was in fact a far out  time expectation (Like CAC said).  That was not cautious and it is not over delivering.  He has a few more days and I hope he does.

You want to 100% hold him to a statement made in early December and the week after that he "hoped" to do. Yet elsewhere you say that CC of late is squeezing his balls for every last penny. So if negotiations have changed, are you setting your "hopes" on this happening in 3 days? I'm not. 50/50 at best is what you ought to be expecting IMHO. So given that, what will you do between now and EOD Friday?  There are NO guarantees when these types of deals are being negotiated. There are goals, there are hopes, but no guarantees. You'd think that would have been learned by now.

'Palm' pid='36703' dateline='<a href="tel:1390949 Wrote:

'ebster123' pid='36699' dateline='<a href="tel:1390947 Wrote:

'Palm' pid='36683' dateline='<a href="tel:1390933 Wrote:

'ltinvest' pid='36680' dateline='<a href="tel:1390932 Wrote:I understand the expectation. My first request is for him to do the best deal. That will be far more important than a day or week one way or another. Again, people that are far more familiar with these negotiations than me seem to be pleased with the process and I know there has been plenty of dialogue between the parties. Hession and team are working hard.

Yes, agree.  His words per the transcript are:

"Yes. I’m hopeful that that will be finalized no later than January and actually, let me be cautious no later than January. Let me try and continue to under promise and over deliver."

I took those words to mean he (at that time) was hoping the process would be completed this month; certainly not a "promise".  I could care less if the settlement goes into Feb to get the right deal.  In fact I am planning on it possibly not happening this week, and others should too at this point.  So with that in mind if you can't stomach a possible drop in pps (if you think that's what will happen), then trim here and buy after "the fall" or later.  If you don't think pps can ever recover from any such fall or it will be a long time, then sell all or most and plan accordingly.  But it's Wednesday in that part of the world and that doesn't leave much time.  If you can't stomach a possibe drop or even the thought of it, then act now.

palm,  my guess is you will not see this but I hope some one can share it with you.  To make a statement like MH did and then say he wants to continue to under promise and over deliver he gave the belief that this was in fact a far out  time expectation (Like CAC said).  That was not cautious and it is not over delivering.  He has a few more days and I hope he does.

You want to 100% hold him to a statement made in early December and the week after that he "hoped" to do. Yet elsewhere you say that CC of late is squeezing his balls for every last penny. So if negotiations have changed, are you setting your "hopes" on this happening in 3 days? I'm not. 50/50 at best is what you ought to be expecting IMHO. So given that, what will you do between now and EOD Friday?  There are NO guarantees when these types of deals are being negotiated. There are goals, there are hopes, but no guarantees. You'd think that would have been learned by now.

you are correct, there are no guarantees.  However, given past history (history almost very single person on this board has said was horrible) it was mine and many other people's hopes, expressions and expectations that IOC would be smart enough to not set timelines.  We all want IOC to succeed, this is why we are here.  I am not a short because I post that IOC screwed up and MH should know not to make any mention of expectations if he can not 100%. Be sure it has a solid chance of happening.  Your a smart guy Palm, don't try to tell me you think this is good for business.  As for the three days, I am not a dope, I don't expect it to happen though I wish it would.  The current pps says that is a real longshot!!! I would bet 50/50 are good odds at this point.  BTW, thanks for the condescending "you'd think that would have been learned by now".  Please keep the one sided passive aggressive schoolyard comments to yourself.  T

'Palm' pid='36703' dateline='<a href="tel:1390949 Wrote:

'ebster123' pid='36699' dateline='<a href="tel:1390947 Wrote:

'Palm' pid='36683' dateline='<a href="tel:1390933 Wrote:

'ltinvest' pid='36680' dateline='<a href="tel:1390932 Wrote:I understand the expectation. My first request is for him to do the best deal. That will be far more important than a day or week one way or another. Again, people that are far more familiar with these negotiations than me seem to be pleased with the process and I know there has been plenty of dialogue between the parties. Hession and team are working hard.

Yes, agree.  His words per the transcript are:

"Yes. I’m hopeful that that will be finalized no later than January and actually, let me be cautious no later than January. Let me try and continue to under promise and over deliver."

I took those words to mean he (at that time) was hoping the process would be completed this month; certainly not a "promise".  I could care less if the settlement goes into Feb to get the right deal.  In fact I am planning on it possibly not happening this week, and others should too at this point.  So with that in mind if you can't stomach a possible drop in pps (if you think that's what will happen), then trim here and buy after "the fall" or later.  If you don't think pps can ever recover from any such fall or it will be a long time, then sell all or most and plan accordingly.  But it's Wednesday in that part of the world and that doesn't leave much time.  If you can't stomach a possibe drop or even the thought of it, then act now.

palm,  my guess is you will not see this but I hope some one can share it with you.  To make a statement like MH did and then say he wants to continue to under promise and over deliver he gave the belief that this was in fact a far out  time expectation (Like CAC said).  That was not cautious and it is not over delivering.  He has a few more days and I hope he does.

You want to 100% hold him to a statement made in early December and the week after that he "hoped" to do. Yet elsewhere you say that CC of late is squeezing his balls for every last penny. So if negotiations have changed, are you setting your "hopes" on this happening in 3 days? I'm not. 50/50 at best is what you ought to be expecting IMHO. So given that, what will you do between now and EOD Friday?  There are NO guarantees when these types of deals are being negotiated. There are goals, there are hopes, but no guarantees. You'd think that would have been learned by now.

******************

Do you mean "learned by now" by the random investors on this board?  I wonder why that exact thing hasn't been "learned by now" by the professional who run this company and who give public statements regrading timing of future events.

'Palm' pid='36705' dateline='<a href="tel:1390951 Wrote:Didn't insinuate you are short nor was the last comment aimed just at you. It's all of us needing to learn reality. Any leader hopes to accomplish great things. Listen in tonight. But then life hits you in the face. Your hope has to be that overall that leader delivers; not on every statement. My comments were meant to be straightforward like business has to be. If you took offense to that, I can't help it. Just being real like others are requesting it be. Good luck

straight forward like business is goo.  However, this is like business and politics and to quote an important phrase , those who fail to learn from history are destined to repeat it.  I thought IOC 101 was taught a while back.  We all know, don't say it if it is not so.  I understand business,mi understand big deals, I also understand they need to be more appropriate with comments and realize they are in a microscope and have to choose words carefully.  Good luck to you as well Palm, T